THE Federal Government of Nigeria has filed a criminal charge against Binance for “tax evasion.”
According to media reports, the charge was filed before the Federal High Court in Abuja on March 25, 2024, by the Federal Inland Revenue Service (FIRS), according to a statement on Monday.
The FIRS said the move is aimed at upholding fiscal responsibility and safeguarding the economic integrity of the country.
Meanwhile, it was earlier reported that Nadeem Anjarwalla, one of the two Binance executives detained in Nigeria for alleged tax evasion and other offences, has escaped from lawful custody.
A criminal charge was filed against the two executives before a Magistrate Court in Abuja. On February 28, 2024, the Court granted the Economic and Financial Crimes Commission (EFCC) an order to remand the duo for 14 days. The court also ordered Binance to provide the Nigerian government with the data/information of Nigerians trading on its platform.
Following Binance’s refusal to comply with the order, the Court extended the remand of the officials for an additional 14 days to prevent them from tampering with evidence. The Court then adjourned the case till April 4, 2024.
